AFX Review: Is AFX broker legit?

Regulation and security

AFX Capital is a brand name of the AFX Capital Markets Ltd, a company registered in Limassol, Cyprus. AFX is an online trading broker regulated by CySEC, Cyprus regulator, and FCA, Federal Conduct Authority of the UK. Meanwhile, due to a lot of complaints and their inability to fulfill the requested forms, their license is currently under suspension. This broker is listed as unregulated at the moment and is providing trading services against the law. If you check the reviews of this company, you will see that many people listed AFX Capital as not legit. Therefore, our review on AFX Capital finds this broker unsafe.

In which countries is AFX Capital operating?

AFX Capital is accepting clients from all over the world except US residents. As mentioned previously, this broker had a CySEC license and was able to provide financial services to European clients, along with FCA, which was allowing them to conduct financial services in the UK. Currently, according to our review, cannot provide legal services to any country. Therefore, AFX Capital is reviewed as untrusted for any country. 

Instruments to trade with AFX broker

With AFX Capital broker, clients are allowed to trade with Forex, Commodities, Indicies, and Shares. They do not, however, offer Cryptocurrency trading. When it comes to other assets, their offer is a little bit weak compared to other companies. Our review showed that they do not allow trading on Japanese or German share markets, which are important markets for any CFD trader. Trades are starting from as little as 0.01 LOT. They are offering their clients MT4 platform, along with web trader, mobile trader, and specially designed iTrader, for iPhone users. The minimum deposit with this broker is 200$ and can be made via debit/credit card, and wire transfer. We will notice here that you can’t use any other payment solution, such as PayPal, which is considered a trustable payment solution.

Scammed by AFX Capital Market? Here is what to do!

As our review on AFX Capital broker showed, this broker is unsafe and not trusted. They currently do not have any valid license for FX trading or CFD trading. Yet, people are still joining them and getting scammed. If you are one of these people, and cannot get your money back, we are here to help. Let our professional employees evaluate your case, see what are the options and how you can get your money back. Don’t waste more time, contact us today!

Is AFX regulated?

AFX Capital did have regulations of CySEC (Cyprus) and FCA (the UK), but they are currently suspended. Until they are renewed, this broker is considered unregulated.

What is AFX?

AFX Capital is part of AFX Capital Markets LTD, an online trading brokerage. The company is providing services of trading on the Forex market, Stock market, and Commodity market. This broker is currently not regulated due to their license suspension.

Is AFX safe?

Since the regulation of AFX Capital has been suspended since 2019 (FCA) and 2020 (CySEC) due to many complaints and their inability to fulfill requirements, our review finds this broker not safe to trade with.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

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